Julia is a 30% partner in the JX Partnership. On January 1, JX distributes $9,400 cash and inventory with a fair value of $52,000 (inside basis of $26,000) to Julia. JX has no liabilities at the date of the distribution. Julia's basis in his JX partnership interest is $21,900. a. What is Julia's gain or loss from this distribution? b. What is Julia's adjusted basis in the inventory? c. What is Julia's adjusted basis in the partnership? d. How would your answer to a. above change if the distribution liquidates the partnership? e. How would your answer to a. above change if the distribution liquidates the partnership and the partnership also distributes to Julia a capital asset worth $50 with an inside basis of $120